if you access the insurance companies who are dealing with sandy ask some other issues, you're looking at about 40%. so you're going to really expect the strong earnings season. so the first half of the earnings season might be stronger than the second half. whereas the second half of the earnings season is labeled with technology. the first half is technologies and generally overall financial earnings are expected to be stronger year over year. telecoms will do fairly well. >> is that? >> i think a little easing and pricing pressure. there's still a global demand for telecom services. but i think that sector is quite immune. they do have some pricing power in that sector, as well. it's a little bit less into the consumer pressures, than let's say a technology services company. >> how much will -- if we get that sort of performance from telecomes and financials, how much does the sentiment they generate pull over, do you think? >> i think overall, earnings are going to surprise. i think if you're looking at a number around 3% right now, i think once all companies report we'll probably